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@henri
Interesting article that i need to digest in more detail.
The thing that jumps out at me, is that this data is collected at a time when cinemas are not open and people cannot leave their homes. Does Not seem a fair landscape to compare.
i would be very interested to see the comparisons in 12 months time.
Cheers
Let's just focus December debt covenant waiver hopefully will happen,but also if anything negative regarding additional fund raising takes place.
SURELY at the moment that's all that matters short term,obviously a vaccine but we'll see.
@stevek1972, synergy is spot on. But people shouldn’t take our word for it.
https://www.fticonsulting.com/~/media/Files/emea--files/insights/articles/2020/sep/economics-film-changing-dynamics-covid-19-world.pdf
Cinema and streaming are complimentary aspects of the overall model for revenue generation.
It's a synergy, not competition. Pick up revenue through different demographics; it is the perfect business model where nobody needs to upset one another.
My eldest son loves the cinema and has watched all the Marvel films (80% at the cinema).
At the start of lockdown we had a family deal that we would watch them all on the TV, through various channels. It was a bloody expensive affair!
The films were fantastic, but at a level of 50% to what cinemas could offer. I was so disappointed that I never watched End Game at the cinema, it must have been absolutely amazing
Appreciate it.
It amazes me how much some people don't get it that streaming companies NEED cinema to justify the cost of creating the blockbusters in the first place. Cinema audiences pay so they don't have to.
racandfz
Don't think anything more needs to be said.
Good post
Most people stream to save money and get inclusive content.
Streaming already said NO to Bond as too expensive. Could they afford it? Yes, as a one-off. But for every blockbuster? No chance. So it would be a frivolous waste of their profits and irk investors big time, likely crashing their SP.
Streaming companies KNOW they will get the film 6+mths later on and that is enough for their business model.
They COMPETE for HOME VIEWING. That is their market.
Netflix would have to change their whole business model. A successfull business model. Charging extra for movies could end up LOSING them custom, rather than increasing it.
Netflix might not have the spending power for these movies, but Apple and Amazon do.
But Bond is a strange case in all this anyway. It has a huge chunk of production paid for by product deals - about $75M on this one. Add in the problems of tax rebates on production, the relationship between Universal, Eon and MGM, and the fact that all this needs to be rebooted one last time after No Time to Die, and I think everyone would be much happier to see this on the big screen.
Can't say I see the end for cinema. All the "Premiers" for big movies and the associated PR is worth a lot. The cinema experience can't be replicated by sitting on your couch. Kids are always going to want to go to a cinema, and parents will want to take them. Streaming's only good for watching a film again after.
However, if streaming companies offer the bucks, then I guess money will talk.
If it's the end for cinema then it seems it's the end for big blockbusters like Bond as streaming won't generate enough revenue to justify the cost of them.
Sky fall, budget 200 million USD, gross 1.109 billion USD
No time to die, budget 250 million USD, gross?
Film in the blanks, more than 600 million?
I think so :)
This is utter nonsense, not a chance it will happen, you honestly believe that Netflix, a company that posted a profit of $2.6b last year can afford to blow over 20% of that margin on a single movie!
The whole first season of Stranger Things only cost $48m
Another very popular series "Sex Education" only cost $20.4m
How many episodes of Cobra Kia would that pay for?
No Time To Die going straight to Netflix would only cheapen Bond – even for $600m
No Time To Die going straight to Netflix would only cheapen Bond – even for $600m
https://www.telegraph.co.uk/films/0/no-time-die-going-straight-netflix-would-cheapen-bond-even/?WT.mc_id=tmgliveapp_androidshare_AwJmnjphJ0kR